1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Do I need to file my IT returns when I have loss or no Profit?

Discussion in 'Traders Coffee Shop' started by shabbir, Jan 27, 2013.

  1. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    In the last quarter of fiscal when we approach the month of March, questions related to taxation hit my inbox quite often and one of the very common question is - Do I need to file my IT returns when I am in loss for my portfolio? [​IMG]


    http://shabbir.in/it-returns-loss/
     
    shabbir, Jan 27, 2013
    Share #1
  2. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    Need to file my IT returns?

    Hi Shabbir

    "Do I need to file my IT returns" This article is very useful for the novice like me...I'm an entrant in share market on 2011. My investment and Trading both together doesnt exceed 2 lakhs.. . So far i didnt make much profit ..Do i want to file my IT returns???
     
    srspriya06, Jan 28, 2013
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Yes always because if you don't file your returns and then if you make big profits in some years then you will not save tax for your losses.
     
    shabbir, Jan 28, 2013
    Share #3
  4. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    ok :) Thank you so much shabbir for posting such an important information:)
     
    srspriya06, Jan 28, 2013
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    The pleasure is all mine.
     
    shabbir, Jan 28, 2013
    Share #5